Business promotion expense
This query is : Resolved
17 April 2013
the firm incurred a business promotion expense amounting to rs 75600 for printing invitation cards as per our requirements.
is there any need to deduct tds on this bill??
we have a contract with the printing company for another expense of the firm namely printing charge..
pls help me?
is there any need to deduct tds on this bill??
we have a contract with the printing company for another expense of the firm namely printing charge..
pls help me?
19 April 2013
if the Cards are supplied by you for printing invitation cards then the same is covered in Job work
and Tds is to be deducted on the same
but if the Card & Printing both is done by the Priniting Co. then the same is sale contract and therefore no TDS is required to be deducted
if the firm is billing you for Printing Charge and the same is on regular basis and the amount is above the Limit then TDS is required U/s 194C
and Tds is to be deducted on the same
but if the Card & Printing both is done by the Priniting Co. then the same is sale contract and therefore no TDS is required to be deducted
if the firm is billing you for Printing Charge and the same is on regular basis and the amount is above the Limit then TDS is required U/s 194C
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19 April 2013
thank u so much....it was really helpful
03 June 2013
If you have contract of any nature then you are bound to deduct TDS u/s 194C but if you have gone to the shop of the printer and has lifted the goods which he already printed and kept for sale then it is not a contract but anything specifically designed and printed for you is a contract and you have to deduct TDS.
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